Genliyan The amount of the trial is over 2 billion.

Source: Internet
Author: User
Keywords Genliyan the amount involved trial
Tags control it is it is understood
This morning the court said that its actions were "love to build" arrangements for the alleged misappropriation of nearly 1 billion yuan funds, as well as contract fraud occupies more than 1.7 billion yuan, Harbin Yida Investment Professional Co., Ltd. the actual control of Genliyan by the Shanghai Municipal Procuratorate First branch of the court, and he was involved in the Shanghai Love to build trust companies, Love to build AG, love to build trust securities, three persons in charge. This morning, Shanghai's first Intermediate People's Court heard the case.  It is understood that due to the complexity of the case, the trial is expected to last two days. The four parties who were defendants today were prominent. The first defendant, Genliyan, was the actual controller of Harbin Ai da Investment Co., Ltd., the former Shanghai Dade Investment Co., Ltd., Shanghai June Lok Industrial Co., Ltd. legal representative. The second defendant, Ma Jianping, is the former general manager of Shanghai Ai Jian Trust Investment Co., Ltd. The third defendant, Liu Shunwan, Vice general manager of Shanghai Ai Jian Co., Ltd., chairman of Shanghai Ai Jian Securities Co., Ltd, and chairman of Shanghai Lida Investment Development Co.  The fourth defendant Hui, the original department of Shanghai Trust Securities headquarters general manager, love to build securities director, the general manager of the company. Prosecutors believe that Ma Jianping, Liu Shunwan, Genliyan, Hui Joint or separate partnership, the use of posts to facilitate the misappropriation of trust funds to the personal use of the crime, its behavior violates the criminal law, should be to misappropriation of funds to be held criminally responsible; Genliyan alone or in cahoots with Ma Jianping for illegal possession, in with the love to build trust,  The behavior of defrauding funds in the course of fulfilling the contract violates the criminal law. According to the Shanghai Municipal Procuratorate First branch of the charges, Genliyan and other persons suspected of two counts.  The first is the misappropriation of funds, followed by contract fraud, two amounts exceeding 2 billion yuan. In the morning trial, Genliyan first appeared in court for investigation.  He first denied the "misappropriation of funds to fry" allegations, but also denied that the project in Harbin, individuals have benefited, said that the acts were "love" arrangements. As of press, the case is still pending.
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